What Determines Political Risk?: The Role of Political Connections

• In Event: Firms' Political Connections

Brief Overview

Using firm-level evidence, we show that expropriation risk is not uniform across all firms in an investment host country: firms lacking political connections face higher risks compared to well-connected firms and those with viable exit options.

Authors

• Robert Kubinec, New York University Abu Dhabi

• Andrey Tomashevskiy, Rutgers University

• Haillie Na-Kyung Lee, Seoul National University